TheFutureParty
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The New York Mets struck a record $765 million deal for outfielder and star hitter Juan Soto to play with the team for 15 years. The Big Swing: Soto’s deal is the most expensive contract ever in pro sports, inching deals closer to the billion-dollar benchmark. But the sheer length of the deal, coupled with the Dodgers’ $700 million ten-year […]
A new study by Ampere Analysis found that the new streaming ecosystem will be defined by profit growth, while subscriber growth hits the brakes — or, as we like to call it, welcome to a maturing industry. The Big Picture: Hollywood lost billions of dollars in the transition to streaming to catch up with Netflix, while Wall Street stopped […]
Microsoft is actively pitching that its Copilot AI system will help enterprise customers save money on labor costs— aka not needing to hire more people or giving the ability to lay off existing staff. Why It Hurts: Tech giants have been trying not to advertise the disruption that their systems could have on company head counts — […]
LA Times owner Dr. Patrick Soon-Shiong announced the paper is working on a “bias meter” that would give readers context of any bias in articles and potentially give people a version of the article from an opposite perspective. The Big Picture: With the mainstream media losing trust — fairly or unfairly — among so many Americans, publishers are looking […]
A panel of three federal judges unanimously ruled against TikTok’s free-speech lawsuit that hoped to overturn the divest-or-ban bill… putting TikTok on a path of being shut down in the US on January 19th on national security concerns. Why It Hits: The Protecting Americans from Foreign Adversary Controlled Applications Act, which passed in April, makes it illegal for app stores […]
A 28-year-old UK Instagrammer named Benji has gained virality — and the attention of snack conglomerates — for fooling the internet time and again with fake food flavors that are just interesting or wild enough to be real, potentially. Why It Hits: Satire has been around forever, but the internet has turned it into a bonafide way for […]
James Cameron’s Lightstorm Vision inked a multi-year deal with Meta to make immersive 3D content for the Quest mixed-reality headset. The Immersive Picture: James Cameron has been one of the biggest boosters of 3D in cinema — the Avatar franchise is the only one that still successfully employs the tech — so having his expertise leading the creative at […]
Young consumers have become a little too willing to swipe their credit cards to pay for purchases — whether to pay necessary bills or just to indulge in the finer things in life, even though they can’t afford them. Why It Hurts: Despite high inflation, consumer spending is still breaking records. That’s a conundrum for economists. But it […]
The outsized popularity of Wicked has come with a wave of people whipping out their phones during the movie to get a picture or film a video… sparking a fresh debate about movie-theater etiquette. The Big Snap: By and large, moviegoing has transformed from a casual communal activity into a once-in-a-while event. In the modern era, capturing yourself experiencing the […]
UK VR startup Rezzil — which is behind VR-enabled drills that pro athletes use — has developed a game that drops players right into the middle of Premier League soccer games. Why It Hits: As sports leagues and media companies search for more ways to immerse audiences in matches, rolling out a feature that allows people to […]